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Welding Products Market Size, Share & Growth Report, 2030GVR Report cover
![Welding Products Market Size, Share & Trends Report]()
Welding Products Market Size, Share & Trends Analysis Report By Technology, By Product (Stick Electrodes, Solid Wires, Flux-cored Wires), By End-use, By Region, And Segment Forecasts, 2024 - 2030
- Report ID: GVR-2-68038-856-5
- Number of Report Pages: 198
- Format: PDF, Horizon Databook
- Historical Range: 2018 - 2023
- Forecast Period: 2022 - 2030
- Industry: Advanced Materials
Welding Products Market Size & Trends
The global welding products market size was estimated at USD 14.71 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. Factors such as design flexibility, reduction in the overall weight of the buildings and structures, and the ease in modification are projected to promote the use of welding products in construction and industrial application segments. Furthermore, growing construction and infrastructure industries around the major economies of the world is expected to increase global welding consumables market products like stick electrodes, SAW wires and fluxes.
The increasing costs of construction materials and equipment, along with supply chain disruptions, are the major factors limiting the growth of this industry. However, the use of aerial measurement and 3D modeling technologies increased during the pandemic, which supported the market growth.
Increasing investments in public infrastructural projects are expected to drive the demand for welding products in the U.S. Government has taken several initiatives to upgrade public infrastructure. For instance, U.S. Department of Transportation (USDoT) announced to invest USD 906 million in infrastructure through the Infrastructure for Rebuilding America (INFRA) discretionary grant program. The construction sector is expected to witness high growth over the forecast period, which, in turn, is predicted to drive the demand for welding products due to the wide range of welding applications in construction.
Market Concentration & Characteristics
Welding products market growth stage is medium, and pace of the market growth is accelerating. The market is highly fragmented in nature. Major market players promote their products, mainly those with advanced features and better cost-efficiency. Furthermore, the market participants aim to achieve maximum market growth and extend their market presence through numerous expansion strategies such as collaborations, partnerships, agreements, acquisitions, and capacity expansion in new areas.
The market has been positively impacted by technical innovations in welding products. For instance, hybrid laser-arc welding process is an advanced process that combines the utilities of laser and arc welding. The hybrid bonding process exhibits individual advantages of both processes. Technical innovations and improvements in the production process have resulted in the manufacturing of welding products with superior durability with extended lifespan.
Prominent manufacturers have been adopting mergers and acquisitions, to enhance their market presence and to cater to the changing requirements of application industries. For instance, Voestalpine Böhler Welding Group GmbH acquired Selco S.r.l in order to strengthen its presence in the Middle East & African region for the continuous supply of welding products and equipment. In addition, The Lincoln Electric Company acquired Air Liquide Welding Ltd., a subsidiary of Air Liquide to.
Occupational Safety and Health Administration, Local Exhaust Ventilation (Lev) Guidelines, American National Standard, General Directorate of Standards, and REACH has laid down some regulatory standards which specifysafety and health issues related to welding process. For instance, according to LEV standards,while using LEV to control welding fumes, the operator must thoroughly assess the hazards to be controlled.
The industry is witnessing an emergence of a set of substitutes that can act as a complete replacement for welding technology. Structural adhesives, pressure sensitive adhesive tapes and fasteners are rapidly replacing welding joints across several applications in various end-use industries owing to superior performance characteristics. Thus, the product substitutes in the industry is expected to remain high over the forecast period.
Rising demand for welding products in various application industries, especially construction and transportation, owing to the growing construction, infrastructural, and transportation vehicle repair & maintenance activities, is projected to increase the levels of end-user concentration.
Technology Insights
The resistance welding technology accounted for more than 27.5% share of the global revenue in 2023. The growing use of resistance welding technology in the automotive industry for various processes such as spot welding, projection welding, and seam welding is likely to promote segmental growth over the forecast period.
Continuous innovations in arc welding technology, such as robotic arc welding, by the key market players, are one of the key factors driving the arc welding equipment market across the globe. The technology is used to weld metals in a wide range of thicknesses with good flexibility. The growing use of the technology across various applications is projected to drive market growth.
Oxy-fuel welding technology is gaining significant growth on account of its growing use in industrial manufacturing applications. The welding equipment and products used in this technology are highly cost-efficient which promotes its implementation in welding fillet, butt, and lap joints with the object thickness up to 5mm.
Other welding technologies include electron beam welding, induction welding, flow welding, electro-slag welding, and laser hybrid welding. These technologies are employed in various applications such as heavy plate fabrication, shipbuilding, switchgear devices, railway tracks, and storage tanks among others.
Product Insights
The stick electrodes product segment led the market and accounted for more than 37.0% share of the global revenue in 2023. The demand for stick electrodes for the welding of a wide range of components is witnessing growth in various application areas on account of their ability to increase the welding strength as well as their high corrosion resistance & tensile strength.
The solid wire product segment is projected to register a CAGR of 4.1% in terms of revenue over the forecast period. The flexibility and ruggedness of solid wires are properties that increase their utility in application areas such as house electrical wiring and breadboards that require flexible wires.
Saw wired fluxes react with the weld pool to provide high-quality metals with desired properties. This promotes its utilization in applications such as exploration platforms, pressure vessels, fabrication of offshore drilling platforms, and post-weld heat treatment. The growing use of saw wire fluxes in the construction of the aforementioned applications is likely to fuel the segment growth.
Other welding products such as stainless-steel alloys, MIG wires, metal-cored wires, aluminum MIG, TIG, and thermal spray wires are contributing significantly to the growth of the market. These products are extensively utilized on account of their unique mechanical properties and cost-efficiency.
End-use Insights
Based on end-use, the market is segmented into automotive & transportation, building & construction, marine, and repair & maintenance. Automotive & transportation segment accounted for the largest revenue share in 2023 owing to growing automotive industry in India, China, U.S., Japan, and Germany.
Tungsten inert gas (TIG) and metal inert gas (MIG) welding are the most commonly used welding processes in automotive industry. TIG welding is useful while connecting the thin work pieces and specialty alloys, whereas, MIG welding can be used to weld body and interior parts of vehicles.
Regional Insights
Asia Pacific region led the market and accounted for over 43.3% share of global revenue in 2023. The expansion of residential, commercial, and industrial sectors due to the sustainable economic growth of countries in the region is expected to fuel construction activities, thereby driving the demand for welding products.
The market in the Asia Pacific is expected to exhibit the highest growth for the welding products market on account of the rapid expansion of the automotive industry on account of the highest automobile production. Moreover, increasing investments in the oil and gas industry are leading to the construction of new gas manufacturing facilities and new pipelines. This is expected to create a demand for welding industry in India.
European countries are initiating efforts to balance their economic trade, which is expected to boost the maritime activities in the region. In addition, the rising tourism sector is also expected to drive demand for recreational marine products, thereby driving the growth of shipbuilding activities in the region. This in turn is likely to augment the growth of welding operations.
The increasing demand for electric cars and hybrid cars on account of shifting consumer preferences towards affordable energy-efficient plug-in cars such as Nissan-leaf, Toyota Prius PHV, and others is expected to drive the automotive industry, which in turn is expected to benefit the market for welding products over the forecast period.
Key Companies & Market Share Insights
The global market is characterized by the presence of various small- and large-scale vendors, resulting in a moderate level of concentration in the market. The surging requirement for reliable and precise welding solutions is fueling the growth of the market. Key manufacturers of welding products in the market are focusing on offering suitable and innovative welding products that are rigid and durable.
A large number of roofing product manufacturers are focused on backward integration in order to keep the product quality under control. The industry participants emphasize expanding their product portfolio by developing innovative solutions and cheaper products with superior properties to cater to the increasing consumer demand.
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In April 2023, Kemppi announced the launch of its all-new robotic welding solution - the AX MIG Welder. The welder features an easy-to-use interface, seamless integration, and cutting-edge welding technology to perform challenging tasks and cater to critical production targets.
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In March 2023, Kemppi introduced new portable welding machines - Master M 205 and Master M 323, for MIG/MAG welding. The latest equipment series is ideal for industrial welding in shipyards and repair shops, as well as for passionate hobby welders. The latest equipment series is ideal for industrial welding in shipyards & repair shops, as well as for passionate hobby welders.
Key Welding Products Companies:
The following are the leading companies in the welding products market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these welding products companies are analyzed to map the supply network.
- Colfax Corporation
- Veostalpine AG
- The Lincoln Electric Company
- Illinois Tool Works, Inc.
- Hyundai Welding Co., Ltd.
- Obara Corporation
- Kiswel, Inc.
- Sandvik AB
- Tianjin Bridge Welding Materials Co., Ltd.
- Kemppi Oy
- Mitco Weld Products Pvt. Ltd.
- Senor Metals Pvt. Ltd.
- Metrode Products Ltd.
- Ador Welding Limited
Welding Product Market Report Scope
Report Attribute
Details
Market size value in 2024
USD 15.30 billion
Revenue forecast in 2030
USD 19.94 billion
Growth Rate
CAGR of 4.5% from 2024 to 2030
Historical data
2018 - 2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD billion and CAGR from 2024 to 2030
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Technology, product, end-use, region
Regional scope
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
Country scope
U.S.; Canada; Mexico; UK; Germany; France; Italy, Netherlands, China; Japan; India; Australia; Indonesia, Brazil; Argentina, Saudi Arabia; South Africa
Key companies profiled
Colfax Corporation; Veostalpine AG; The Lincoln Electric Company; Illinois Tool Works, Inc.; Hyundai Welding Co., Ltd.; Obara Corporation, Kiswel, Inc.; Sandvik AB; Tianjin Bridge Welding Materials Co., Ltd.; Kemppi Oy; Mitco Weld Products Pvt. Ltd.; Senor Metals Pvt. Ltd.; Metrode Products Ltd. & Ador Welding Limited
Customization scope
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options
Global Welding Product Market Report Segmentation
This report forecasts revenue and volume growth at country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the welding products market based on technology, product, end-use, and region.
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Technology Outlook (Revenue, USD Billion; 2018 - 2030)
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Arc Welding
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Resistance Welding
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Oxy-fuel Welding
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Laser Beam Welding
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Others
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Product Outlook (Revenue, USD Billion; 2018 - 2030)
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Stick Electrodes
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Solid Wires
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Flux-cored Wires
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Saw Wires And Fluxes
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Others
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End-use Outlook (Revenue, USD Billion; 2018 - 2030)
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Automotive & Transportation
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Building & Construction
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Marine
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Repair & Maintenance
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Regional Outlook (Revenue, USD Billion; 2018 - 2030)
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North America
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U.S.
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Canada
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Mexico
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Europe
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Germany
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UK
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France
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Italy
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Netherlands
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Asia Pacific
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China
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Japan
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India
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Australia
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Indonesia
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Middle East & Africa
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Saudi Arabia
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South Africa
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Central & South America
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Brazil
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Argentina
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Frequently Asked Questions About This Report
b. The global welding products market size was estimated at USD 13.49 billion in 2021 and is expected to reach USD 14.13 billion in 2022.
b. The welding products market is expected to grow at a compound annual growth rate of 4.4% from 2022 to 2030 to reach USD 19.94 billion by 2030.
b. Stick electrodes product segment dominated the market and accounted for more than 37.0% share of the global revenue in 2021. Stick electrodes are widely employed in arc welding owing to their beneficial properties such as corrosion resistance, high tensile strength, and ductility.
b. Some of the key players operating in the welding products market include Colfax Corporation, Veostalpine AG, The Lincoln Electric Company, Illinois Tool Works, Inc., Hyundai Welding Co., Ltd., Obara Corporation, Kiswel, Inc., Sandvik AB, Tianjin Bridge Welding Materials Co., Ltd., Kemppi Oy, Mitco Weld Products Pvt. Ltd., Senor Metals Pvt. Ltd., Metrode Products Ltd. & Ador Welding Limited.
b. The key factors driving the welding products market include rapid expansion of construction industry across the globe owing to the rising demand for residential and non-residential construction across economies such as India, China, and Indonesia, is projected to propel the industry growth.
Table of Contents
Chapter 1. Welding Products Market: Methodology and Scope
1.1. Research methodology
1.2. Research scope & assumptions
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources
1.3.4. Third Party Perspective
1.3.5. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation and Data Visualization
1.6. List of data sources
Chapter 2. Welding Products Market: Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Welding Products Market: Variables, Trends, & Scope
3.1. Market Lineage/Ancillary Outlook
3.2. Value Chain Analysis
3.2.1. Raw Material Trends
3.3. Technological Landscape
3.4. Regulatory Scenario
3.4.1. Occupational Safety and Health Administration
3.4.2. Local Exhaust Ventilation Guidelines
3.4.3. American National Standard
3.4.4. Standards & Compliances
3.4.5. REACH Regulations
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.1.1. Rise in the use in the growing building & construction industry
3.5.1.2. Growing demand for advanced welding technology from automotive industry
3.5.2. Market Restraint Analysis
3.5.2.1. Lack of skilled labor and high labor cost
3.6. Industry Opportunities Analysis
3.7. Industry Challenges Analysis
3.8. Welding Products Market - Porter’s Analysis
3.8.1.1. Supplier Power
3.8.1.2. Buyer Power
3.8.1.3. Substitution Threat
3.8.1.4. Threat from New Entrant
3.8.1.5. Competitive Rivalry
3.9. Welding Products Market - PESTEL Analysis
3.9.1.1. Political Landscape
3.9.1.2. Environmental Landscape
3.9.1.3. Social Landscape
3.9.1.4. Technology Landscape
3.9.1.5. Economic Landscape
3.9.1.6. Legal Landscape
3.10. Market Disruption Analysis
Chapter 4. Welding Products Market: Technology Estimates & Analysis
4.1. Welding Products Market: Technology Movement Analysis, 2023 & 2030
4.2. Technology Market Share Analysis, 2023 & 2030
4.3. Arc Welding
4.3.1. Arc Welding Products Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.4. Resistance Welding
4.4.1. Resistance Welding Products Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.5. Oxy Fuel Welding
4.5.1. Oxy Fuel Welding Products Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.6. Laser Beam Welding
4.6.1. Laser Beam Welding Products Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.7. Other Welding
4.7.1. Welding Products Market estimates and forecasts, by Other Technologies, 2018 - 2030 (USD Billion)
Chapter 5. Welding Products Market: Product Estimates & Analysis
5.1. Welding Products Market: Product Movement Analysis, , 2021 & 2030
5.2. Product Market Share Analysis, 2023 & 2030
5.3. Stick Electrodes
5.3.1. Welding Products Market estimates and forecasts, by Stick Electrodes, 2018 - 2030 (USD Billion)
5.4. Solid Wires
5.4.1. Welding Products Market estimates and forecasts, by Solid Wires, 2018 - 2030 (USD Billion)
5.5. Flux Cored Wires
5.5.1. Welding Products Market estimates and forecasts, by Flux Cored Wires, 2018 - 2030 (USD Billion)
5.6. Saw Wires & Fluxes
5.6.1. Welding Products Market estimates and forecasts, by Saw Wired Fluxes, 2018 - 2030 (USD Billion)
5.7. Other Products
5.7.1. Welding Products Market estimates and forecasts, by Other Products, 2018 - 2030 (USD Billion)
Chapter 6. Welding Products Market: End-use Estimates & Analysis
6.1. Welding Products Market: End-use Movement analysis, , 2021 & 2030
6.2. End-use Market Share Analysis, 2023 & 2030
6.3. Automotive & Transportation
6.3.1. Welding Products Market estimates and forecasts, for Automotive & Transportation, 2018 - 2030 (USD Billion)
6.4. Building & Construction
6.4.1. Welding Products Market estimates and forecasts, for Building & Construction, 2018 - 2030 (USD Billion)
6.5. Marine
6.5.1. Welding Products Market estimates and forecasts, for Marine, 2018 - 2030 (USD Billion)
6.6. Repair & Maintenance
6.6.1. Welding Products Market estimates and forecasts, for Repair & Maintenance, 2018 - 2030 (USD Billion)
Chapter 7. Welding Products Market: Regional Estimates & Trend Analysis
7.1. Welding products Market: Regional Movement Analysis, 2021 & 2030
7.2. North America
7.2.1. North America Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.2. North America Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.2.3. North America Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.2.4. North America Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.5.2. U.S. Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.2.5.3. U.S. Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.2.5.4. U.S. Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.2.6. Canada
7.2.6.1. Canada Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.6.2. Canada Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.2.6.3. Canada Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.2.6.4. Canada Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.2.7. Mexico
7.2.7.1. Mexico Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.7.2. Mexico Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.2.7.3. Mexico Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.2.7.4. Mexico Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.3. Europe
7.3.1. Europe Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.2. Europe Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.3.3. Europe Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.3.4. Europe Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.3.5. Germany
7.3.5.1. Germany Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.5.2. Germany Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.3.5.3. Germany Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.3.5.4. Germany Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.3.6. UK
7.3.6.1. UK Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.6.2. UK Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.3.6.3. UK Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.3.6.4. UK Welding Products Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.3.7. France
7.3.7.1. France Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.7.2. France Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.3.7.3. France Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.3.7.4. France Welding Products Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.3.8. Italy
7.3.8.1. Italy Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.8.2. Italy Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.3.8.3. Italy Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.3.8.4. Italy Welding Products Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.3.9. Netherlands
7.3.9.1. Netherlands Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.9.2. Netherlands Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.3.9.3. Netherlands Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.3.9.4. Netherlands Welding Products Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.2. Asia Pacific Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.4.3. Asia Pacific Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.4.4. Asia Pacific Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.4.5. China
7.4.5.1. China Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.5.2. China Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.4.5.3. China Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.4.5.4. China Welding Products Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.4.6. India
7.4.6.1. India Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.6.2. India Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.4.6.3. India Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.4.6.4. India Welding Products Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.4.7. Japan
7.4.7.1. Japan Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.7.2. Japan Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.4.7.3. Japan Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.4.7.4. Japan Welding Products Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million
7.4.8. Australia
7.4.8.1. Australia Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.8.2. Australia Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.4.8.3. Australia Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.4.8.4. Australia Welding Products Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.4.9. Indonesia
7.4.9.1. Indonesia Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.9.2. Indonesia Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.4.9.3. Indonesia Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.4.9.4. Indonesia Welding Products Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Central & South America Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.2. Central & South America Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.5.3. Central & South America Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.5.4. Central & South America Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.5.5. Brazil
7.5.5.1. Brazil Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.5.2. Brazil Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.5.5.3. Brazil Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.5.5.4. Brazil Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.5.6. Argentina
7.5.6.1. Argentina Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.6.2. Argentina Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.5.6.3. Argentina Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.5.6.4. Argentina Welding Products Market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Middle East & Africa Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.6.2. Middle East & Africa Welding Products Market Estimates And Forecasts, By Technology, 2018 - 2030 (USD Million)
7.6.3. Middle East & Africa Welding Products Market Estimates And Forecasts, By End-use, 2018 - 2030 (USD Million)
7.6.4. South Africa
7.6.4.1. South Africa Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.6.4.2. South Africa Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.6.4.3. South Africa Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.6.4.4. South Africa Welding Products Market estimates and forecasts, by End-use, 2018 - 2030 (USD Million)
7.6.5. Saudi Arabia
7.6.5.1. Saudi Arabia Welding Products Market estimates and forecasts, 2018 - 2030 (USD Million)
7.6.5.2. Saudi Arabia Welding Products Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
7.6.5.3. Saudi Arabia Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
7.6.5.4. Saudi Arabia Welding Products Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Key Players, their Recent Developments, and Their Impact on the Industry
8.2. Competitive Landscape
8.3. Competitive Market Positioning
8.4. Strategy Framework
8.5. Heat Map Analysis
Chapter 9. Company Profiles
9.1. Colfax Corporation
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Veostalpine AG
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Air Liquide Welding Ltd.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. The Lincoln Electric Company
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Illinois Tool Works, Inc.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Hyundai Welding Co., Ltd.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Obara Corporation
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Sandvik AB
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Kiswel, Inc.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Kemppi Oy
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Mitco Weld Products Pvt. Ltd
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. Tianjin Bridge Welding Materials Co., Ltd.
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives
9.13. Senor Metals Pvt. Ltd.
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Strategic Initiatives
9.14. Metrode Products Ltd.
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Strategic Initiatives
List of Tables
Table 1 Arc welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 2 Resistance welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 3 Oxy-fuel welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 4 Laser beam welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 5 Other welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 6 Stick electrodes market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 7 Solid wires market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 8 Flux-cored wires market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 9 Saw wired fluxes market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 10 Other welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 11 North America welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 12 North America welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 13 North America welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 14 North America welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 15 U.S. welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 16 U.S. welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 17 U.S. welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 18 U.S. welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 19 Canada welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 20 Canada welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 21 Canada welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 22 Canada welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 23 Mexico welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 24 Mexico welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 25 Mexico welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 26 Mexico welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 27 Europe welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 28 Europe welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 29 Europe welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 30 Europe welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 31 Germany welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 32 Germany welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 33 Germany welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 34 Germany welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 35 France welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 36 France welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 37 France welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 38 France welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 39 UK welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 40 UK welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 41 UK welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 42 UK welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 43 Italy welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 44 Italy welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 45 Italy welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 46 Italy welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 47 Netherlands welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 48 Netherlands welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 49 Netherlands welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 50 Netherlands welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 51 Asia Pacific welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 52 Asia Pacific welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 53 Asia Pacific welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 54 Asia Pacific welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 55 China welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 56 China welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 57 China welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 58 China welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 59 India welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 60 India welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 61 India welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 62 India welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 63 Japan welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 64 Japan welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 65 Japan welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 66 Japan welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 67 Japan welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 68 Australia welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 69 Australia welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 70 Australia welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 71 Australia welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 72 Indonesia welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 73 Indonesia welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 74 Indonesia welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 75 Indonesia welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 76 Central & South America welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 77 Central & South America welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 78 Central & South America welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 79 Central & South America welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 80 Brazil welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 81 Brazil welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 82 Brazil welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 83 Brazil welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 84 Argentina welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 85 Argentina welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 86 Argentina welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 87 Argentina welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 88 Middle East & Africa welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 89 Middle East & Africa welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 90 Middle East & Africa welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 91 Middle East & Africa welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 92 Saudi Arabia welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 93 Saudi Arabia welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 94 Saudi Arabia welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 95 Saudi Arabia welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 96 South Africa welding products market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 97 South Africa welding products market estimates and forecasts, by technology, 2018 - 2030 (USD Billion)
Table 98 South Africa welding products market estimates and forecasts, by product, 2018 - 2030 (USD Billion)
Table 99 South Africa welding products market estimates and forecasts, by end-use, 2018 - 2030 (USD Billion)
List of Figures
Fig. 1 Welding products market - Market snapshot
Fig. 2 Welding products market - segmentation and scope
Fig. 3 Welding products market: Penetration & growth prospects mapping
Fig. 4 Welding products market - Value chain analysis
Fig. 5 Welding products market dynamics
Fig. 6 Welding products market driver impact analysis
Fig. 10 Welding products market restraint analysis
Fig. 11 Welding products market - Porter’s five forces analysis
Fig. 12 Welding products market - PESTEL analysis
Fig. 13 Welding Products Market - Technology Movement Analysis, 2021 & 2030
Fig. 14 Welding Products Market - Product Movement Analysis, 2021 & 2030
Fig. 15 Welding Products Market - Regional Movement Analysis, 2021 & 2030
Fig. 16 Strategy mapping of key market playersMarket Segmentation
- Welding Products Market Technology Outlook (Revenue, USD Million; 2018 - 2030)
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Welding Products Market Product Outlook (Revenue, USD Million; 2018 - 2030)
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Welding Products Market End-use Outlook (Revenue, USD Million; 2018 - 2030)
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Welding Products Market Regional Outlook (Revenue, USD Million; 2018 - 2030)
- North America
- North America Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- North America Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- North America Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- U.S.
- U.S. Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- U.S. Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- U.S. Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- U.S. Welding Products Market, By Technology
- Canada
- Canada Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Canada Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Canada Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Canada Welding Products Market, By Technology
- Mexico
- Mexico Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Mexico Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Mexico Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Mexico Welding Products Market, By Technology
- North America Welding Products Market, By Technology
- Europe
- Europe Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Europe Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Europe Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Germany
- Germany Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Germany Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Germany Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Germany Welding Products Market, By Technology
- UK
- UK Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- UK Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- UK Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- UK Welding Products Market, By Technology
- France
- France Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- France Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- France Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- France Welding Products Market, By Technology
- Italy
- Italy Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Italy Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Italy Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Italy Welding Products Market, By Technology
- Netherlands
- Netherlands Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Netherlands Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Netherlands Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Netherlands Welding Products Market, By Technology
- Europe Welding Products Market, By Technology
- Asia Pacific
- Asia Pacific Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Asia Pacific Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Asia Pacific Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- China
- China Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- China Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- China Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- China Welding Products Market, By Technology
- India
- India Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- India Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- India Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- India Welding Products Market, By Technology
- Japan
- Japan Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Japan Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Japan Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Japan Welding Products Market, By Technology
- Australia
- Australia Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Australia Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Australia Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Repair & Maintenance
- Australia Welding Products Market, By Technology
- Indonesia
- Indonesia Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Indonesia Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Indonesia Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Indonesia Welding Products Market, By Technology
- Asia Pacific Welding Products Market, By Technology
- Central & South America
- Central & South America Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Central & South America Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Central & South AmericaWelding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Brazil
- Brazil Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Brazil Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Brazil Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Brazil Welding Products Market, By Technology
- Argentina
- Argentina Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Argentina Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Argentina Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Argentina Welding Products Market, By Technology
- Central & South America Welding Products Market, By Technology
- Middle East & Africa
- Middle East & Africa Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Middle East & Africa Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Middle East & Africa Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Saudi Arabia
- Saudi Arabia Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- Saudi Arabia Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- Saudi Arabia Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- Saudi Arabia Welding Products Market, By Technology
- South Africa
- South Africa Welding Products Market, By Technology
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Others
- South Africa Welding Products Market, By Product
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Others
- South Africa Welding Products Market, By End-use
- Automotive & Transportation
- Building & Construction
- Marine
- Repair & Maintenance
- South Africa Welding Products Market, By Technology
- Middle East & Africa Welding Products Market, By Technology
- North America
Welding Products Market Dynamics
Driver: Robust Growth in Building & Construction Industry
Welding is an assembling process that joins materials such as metal alloys or thermoplastics without melting the base metal. Welding technology is extensively used in the construction of buildings, bridges, pipelines, and other engineering work for infrastructure development. Over the past few years, arc welding has witnessed innovation in areas such as high-power laser welding and electron-beam welding. These welding types are widely used for welding heavy and large structures in the construction industry. Rapid urbanization and industrialization are expected to increase the number of new projects, primarily in commercial and industrial construction sectors, thus likely to fuel the growth of construction industry across the globe. Rapid urbanization and growing population are anticipated to fuel market growth in the coming years.
Driver: Exponential Growth of Aerospace Industry
The welding processes find a broad spectrum of applications in the aerospace manufacturing industry such as aerospace engine sensors, honeycomb track welding, turbine component welding, instrumentation, and exotic metal combinations. The set of welding applications in aerospace manufacturing also includes heating elements, actuators, fine ribbon welding, circuit board traces, electronic components inductors, mesh welding, and hybrid micro-weld devices. Also, these techniques find applications in sensors including thermos compression bonding. Moreover, it includes standard wire preparation, fine wire welding inductors, crosswire welding, and stranded wire preparation.
Restrain: Lack of Skilled Labor and High Labor Cost To Hamper Market Growth
The shortage of appropriately skilled labor could negatively impact the operation and financial condition of the industry players, thereby leading to a challenge for the growth of the welding products market. The operation of the welding industry is highly dependent on the abilities and efforts of the labor force and management team. However, the rapidly growing robotic welding technology is expected to overcome the market restraint over the forecast period.
What Does This Report Include?
This section will provide insights into the contents included in this Welding products market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Welding products market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Welding products market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
Research Methodology
A three-pronged approach was followed for deducing the welding products market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for welding products market to gather the most reliable and current information possible.
- We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
- We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
- We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
- We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
- We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of welding products market data depending on the type of information we’re trying to uncover in our research.
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Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
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Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
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Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
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Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
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Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
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Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
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This step also entails the finalization of the report scope and data representation pattern.
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Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
Welding Products Market Categorization:
The welding products market was categorized into four segments, namely technology (Arc Welding, Resistance Welding, Oxy-fuel Welding, Laser Beam Welding), product (Stick Electrodes, Solid Wires, Flux-cored Wires, Saw Wires And Fluxes), end-use (Automotive & Transportation, Building & Construction, Marine, Repair & Maintenance), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).
Segment Market Methodology:
The welding products market was segmented into technology, product, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Market research approaches: Bottom-up
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Demand estimation of each product across countries/regions summed up to from the total market.
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Variable analysis for demand forecast.
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Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
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Primary interviews for data revalidation and insight collection.
Market research approaches: Top-down
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Used extensively for new product forecasting or analyzing penetration levels.
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Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
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Primary interviews and vendor-based primary research for variable impact analysis.
Market research approaches: Combined
- This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.
Regional Market Methodology:
The welding products market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seventeen countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; Italy, Netherlands, China; Japan; India; Australia; Indonesia, Brazil; Argentina, Saudi Arabia; South Africa.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
Welding products market companies & financials:
The welding products market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
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Colfax Corporation - Colfax Corporation was established in 1995 and is headquartered in Maryland, the U.S. The company is engaged in providing services such as fuel handling, welding equipment & fillers, precision air & gas handling equipment, and medical devices for various application segments. It operates through business units and subsidiaries such as DJO, ESAB, and Howden. It operates in Mexico with its subsidiary CenterLine México S. de R.L. de C.V.
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Veostalpine AG - Voestalpine AG was established in 1993 and is headquartered in Linz, Austria. The company is engaged in the production and sales of steel and related products. It operates its business through four divisions including steel, high-performance metals, metal engineering, and metal forming. The company provides its products & services to automotive, oil & gas, railway, building & construction, energy, and aviation applications across the globe.
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The Lincoln Electric Company - The Lincoln Electric Company was founded in 1895 and is headquartered in Ohio, the U.S. The company is engaged in manufacturing various welding products including robotic welding packages, wire feeding systems, arc welding power sources, engine driven welders, automated welding systems, consumable electrodes & fluxes, fume extraction equipment, and others. The company offers its products to both domestic and international markets through distributors, and retailers, to end-users.
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Illinois Tool Works, Inc. - Illinois Tool Works, Inc. was founded in 1912 and is headquartered in Illinois, U.S. The company is engaged in the manufacturing and supply of various end-use products, including electronics, test & measurement, construction products, food equipment, welding, and polymers & fluids. It operates its business through seven segments: automotive OEM, test & measurement and electronics, polymers & fluids, welding, construction products, specialty products, and food equipment. Under the welding segment, the company manufactures welding equipment, consumables, and accessories for a wide range of industrial and commercial applications. This segment primarily serves the general industrial market, shipbuilding, construction, automotive OEM, and fabrication.
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Hyundai Welding Co., Ltd. - Hyundai Welding Co., Ltd. was founded in 1975 and is headquartered in Seoul, South Korea. The company is engaged in the manufacturing, wholesaling, and retailing of welding products and consumables. It has operations worldwide, including Africa, the Middle East, Europe, Asia Pacific, South America, and North America with manufacturing facilities located in 18 major countries that served the customers in more than 80 countries across the globe.
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Obara Corporation - Obara Corporation was established in 1955 and is headquartered in Yamanashi, Japan. The company is engaged in the production and distribution of welding and cutting materials and related products. The company offers products such as resistance welder, arc welder, and laser. With global resources for welding equipment, R&D, and manufacturing, the company caters to various application segments such as engineering, training, repair, and machining.
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Sandvik AB - Sandvik AB was founded in 1862 and is headquartered in Stockholm, Sweden. The company has segregated its operations into machine solutions, mining, material technology, construction, and venture & corporate. The company emphasizes on the R&D, production, and sales of welding products such as rods and wires, strip electrodes, and fluxes. It caters to a number of application areas such as aerospace, automotive, consumer goods, mining, oil & gas, nuclear power generation, renewable energy, and construction. In 2016, the company allocated USD 0.37 billion for investment and R&D and registered approximately 7,900 active patents.
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Kiswel, Inc. - Kiswel Inc. was founded in 1969 and is headquartered in Kentucky, U.S. The company has a large product offering of advanced welding materials including flux cored wires, stick electrodes, arc welding wires, stainless & high alloy steel, metal cord wires, induction & heating spring wires and various other products.
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Kemppi Oy - Kemppi Oy was established in 1949 and is headquartered in Lahti, Finland. The company is engaged in the manufacturing of industrial applications and ready-to-weld needs including welding equipment, software, and expert services pertaining to welding technology. It offers its services to various end-use industries such as shipyard and offshore industry, construction, pipeline, automotive & transportation, and machine manufacturing.
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Tianjin Bridge Welding Materials Co., Ltd. -Tianjin Bridge Welding Materials Co., Ltd. was established in 1957 and is headquartered in Tianjin, China. The company is engaged in the manufacturing and distribution of welding products for various welding processes. It included products such as welding electrode, solid wire of different materials (carbon steel, stainless steel, nickel, copper, and other alloys), flux-cored wire, and flux.
Value chain-based sizing & forecasting
Supply Side Estimates
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Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
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Segment revenue determination via variable analysis and penetration modeling.
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Competitive benchmarking to identify market leaders and their collective revenue shares.
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Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
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Identifying parent markets and ancillary markets
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Segment penetration analysis to obtain pertinent
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revenue/volume
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Heuristic forecasting with the help of subject matter experts
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Forecasting via variable analysis
Welding Products Market Report Objectives:
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Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
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Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
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Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
Welding Products Market Report Assumptions:
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The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
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The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
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We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
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All market estimates and forecasts have been validated through primary interviews with the key industry participants.
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Inflation has not been accounted for to estimate and forecast the market.
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Numbers may not add up due to rounding off.
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Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
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Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
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Latin America includes Central American countries and the South American continent
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Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
Primary Research
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
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Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
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Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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